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The Dollar Is Losing Forex

Night view Asia / Europe The greenback was under pressure at the beginning of the session in Asia significant economic agents seeking EUROS Volumes improved compared to last week's events today times EASTERN (-4 GMT) 11:30 am, the FOMC Member Fisher to Speak There is wide variety of events for today. What is waiting for Tuesday All times EASTERN (-4 GMT) 10:00 am, Bernanke, Federal Reserve chairman, testifying 10:00 am USD HPI meters / m 10:00 am USD Richmond Manufacturing Index The USD fell at the beginning of the trading session in New York during the morning, while most traders await more details on the bailout of the financial system of the United States, the confidence in the greenback has fallen significantly following the deterioration of the sector American Financial, and will have to analyze the effect of rescue envisaged. Several operations restricted stock markets in short, to limit speculation and a deepening financial crisis. Crude oil rebounded, registering over $ 106.00/por barrel. The JPY is the currency again with more weight in the market, and rallied against most currencies, the USD / YEN minimum recorded in the 105.94 area before reaching the zone of 106.40.

Several orders were placed in the 107.00/10 area mainly by exporters. The CABLE recovered next to the EURO, and recorded peaks in the area of 1.8478. The Euro area recorded highs of 1.4627, and there were stops over 1.4600. Rumors of the European Central Bank officials, with respect to interest rates, with respect to the short term, are giving some support to the EURO.